Mukuba Resources Limited

Mukuba Resources Limited

June 15, 2010 12:26 ET

Mukuba Mobilizes First Drill Rig and Begins Drilling Program on Zambian Copper Project

TORONTO, ONTARIO--(Marketwire - June 15, 2010) - Mukuba Resources Limited (TSX VENTURE:MKU) ("Mukuba" or the "Company") is pleased to announce that it has mobilized the first of two rigs to undertake a program of exploration diamond drilling across various targets within the larger exploration license area located southwest of Ndola, Central Zambia.

DrillAfrica, operating out of Ndola mobilized the first of two rigs to commence drilling on a number of coincident geophysical and geochemical targets. Up to 10,000 metres is planned in approximately 55 boreholes and is anticipated to be completed by November 2010.

The program of regional soil sampling across various new target areas is progressing well and should be completed during June 2010. It is anticipated that additional drill targets will be identified and selected based on the coincidence of the new soil geochemical and airborne geophysical results.

A test Induced-Polarization (IP) geophysical survey, completed across selected lines at Target 18, outlined several chargeable anomalies. A selected number of these targets will be tested by the drilling program.

Trevor Richardson, Mukuba's President and CEO commented, "After a prolonged rainy season, we are very pleased to have the 2010 drilling program underway. This drilling program will test the numerous prospective targets identified in the 2008 and 2009 exploration seasons and we look forward to reporting drill and exploration results over the next 6 months."

About the Company

The business of Mukuba consists of the exploration and development of the Northcore Project, which is located in the highly prospective Central African Copperbelt region of Central Zambia. The Northcore Project is expected to encompass 2,274 square km of geologically prospective ground in the Domes Region of the Zambian Copperbelt following the completion of the ongoing license renewal process. The Northcore Project is licensed for copper and cobalt. Geological mapping, soil sampling and investigation of the historical showings as well as ground-truthing of the geological surveying results have confirmed the historical geological anomalies, and identified new anomalies. The Company's 2009 exploration program included drilling several of these anomalies.

Qualified Person

Mr. Chris Meyer (Pr.Sci.Nat.) is a "Qualified Person" as defined by National Instrument 43-101 and oversees Mukuba's exploration programs. Mr. Meyer has supervised and approved the preparation of the technical information contained in this press release.

Forward-looking Information

Securities regulators encourage companies to disclose forward-looking information to help investors understand a company's future prospects. This press release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this press release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.

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